|
Tax is unfortunately one of the few certainties in life! With the right advice however, it can be controlled. We have advisers who can offer specialist advice on income tax, capital gains tax and inheritance tax.
To enable you to maximise your personal allowances, you may find some of the following options beneficial:
- ISA Pension
- CGT allowance
- Enterprise Investment Schemes (EIS) and Venture Capital Trusts (VCT)
- All types of assets which enjoy Business Property Relief
Inheritance Tax is something that you leave for you children, but there are ways of reducing this, if you are liable (the nil rate band is currently £300,000), which means that any assets over this amount will be subject to a levy of 40% including home possessions, savings and investments. We would therefore look to reduce the value of your estate by gifting during your lifetime, otherwise known as potentially exempt transfers, the use of life assurance and trust or various other trust related investment alternatives.
|
023 8055 8300